The Biennial Revenue Estimate vs. Actual Revenues

May 24, 2007

Byron Schlomach Ph.D.

A careful comparison of past biennial revenue estimates and actual revenues appears to indicate that revenue estimates are simply restatements of actual revenues from the previous two years, adjusted for any changes in tax policy or law.

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Fool Me Twice: Why the Texas Grid is Still Vulnerable to Winter Storms | Part 3: How Texas Can Solve Its Winter Reliability Problem

Part 3: How Texas Can Solve Its Winter Reliability Problem Five years after Winter Storm Uri, the ERCOT grid is still not ready for the next major winter storm. The first two installments of this series showed that demand has grown more than 20% since 2021 while firm generation capacity has barely budged, and the...

February 12, 2026

Taxes & Spending

Bigger in Texas: Sizing Up the State’s Finances

Every even-numbered year, the state’s Legislative Budget Board (LBB) publishes a helpful, user-friendly summation of the General Appropriations Act (GAA), otherwise known as the state’s two-year budget. On Wednesday, the LBB published the next iteration—its 2024-25 Fiscal Size-Up. From a 30,000 ft. level, this new report provides “a comprehensive review of how tax dollars were...

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Taxes & Spending

Assessing Tax Trends in the City of Ft. Worth

Does history suggest that property taxes are too high in the city of Ft. Worth? And, if so, have local decision-makers actively helped or hurt the situation? To help answer these questions, let’s review the city’s 2024 Annual Comprehensive Financial Report (ACFR) and gather four types of data—i.e., tax levies, local population, total tax rates, and taxable values—over a 10-year time horizon. Using these audited estimates, we can gauge the growth of government (i.e., tax levy trends), assess its...

February 19, 2026

Byron Schlomach Ph.D.

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Fool Me Twice: Why the Texas Grid is Still Vulnerable to Winter Storms | Part 3: How Texas Can Solve Its Winter Reliability Problem

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